Posted by Tim Stobbs on June 24, 2016
The following is an update of Tim’s plan to retire early. Please note we are mortgage free and because I have forgot to do this for a while I’m jumping through all these months in a condensed version of my usual update.
Our ultimate goal between investments and the home equity is a net worth of around $1 million. The investment part of that target is ~$550,000.
March 2015: Investment Net Worth $362,440; Monthly Spending $2429
April 2015: Investment Net Worth $365,070; Monthly Spending $928
May 2015: Investment Net Worth $377,210; Monthly Spending $2418
June 2015: Investment Net Worth $375,750; Monthly Spending $5024
July 2015: Investment Net Worth $380,060; Monthly Spending $2599
August 2015: Investment Net Worth $374,800; Monthly Spending $1201
September 2015: Investment Net Worth $365,540; Monthly Spending $2534
October 2015: Investment Net Worth $381,830; Monthly Spending $2589
November 2015: I honestly forgot to write down the numbers; Monthly Spending $2185
December 2015: Investment Net Worth $384,230; Monthly Spending $3886
January 2016: Investment Net Worth $401,640; Monthly Spending $2169
February 2016: Investment Net Worth $406,480; Monthly Spending $2020
March 2016: Investment Net Worth $426,310; Monthly Spending $940
April 2016: Investment Net Worth $433,400; Monthly Spending $2278
May 2016: Investment Net Worth $454,790; Monthly Spending $2060
May 2016 Net Worth ~$829,790
Did your eyes hurt reading all those numbers? Mine did just preparing them, but after putting this off for FAR too long.
Just a few broad comments, you likely noticed the big jump in investments from Dec 2015 to Jan 2016, well that was because I was being lazy about helping my wife open up a taxable investment account. So the cash just hung out in our chequing account for the last six months of 2015, which isn’t included in these updates. The other notable jump was Feb to March 2016 which was just a combination of stock market surge, and tax refund.
(click to make bigger)